Tag Archive: newsletter
Dualism and Calculation: What Mises Taught Me about Economics and Capitalism
Mises said the modern theory of value didn't just improve economics. It created an entirely new science: the general theory of human action.
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Property Rights and Entrepreneurial Judgment
Armen Alchian opened a seminar by reading a paragraph on property. Only one person in the room recognized it from Mises's Human Action. It changed everything.
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The Challenge of Praxeological Realism
Hülsmann opened Mises's 1912 Theory of Money and Credit expecting a historical curiosity. He found a work that surpassed everything published since.
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My Discovery of Human Action and of Mises as a Philosopher
To spend his compulsory East German currency, Hoppe's only options were Marx, Engels, and Russian novels. Then he found his way to Mises through Friedman and Hayek.
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Human Action: Foundations for the Modern Austrian School
By 1950, the Austrian School was nearly dead. Keynesianism had displaced its business cycle theory, and the profession declared Mises wrong on socialism. Human Action was the counterattack.
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Human Action, the Way Forward
Mainstream economics starts with models and works backward to reality. Mises started with reality and worked forward to theory. Herbener explains why that distinction changes everything.
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Ludwig von Mises’s Epicurean Ethics
Mises was a psychological hedonist, but not the kind you think. David Gordon untangles a philosophical position most Austrians have never examined closely.
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How Human Action Shaped My Teaching and Research Career
DiLorenzo learned more about inflation and recession in 45 minutes of reading Mises than in two semesters of macroeconomics. That, he argues, is the Austrian School's greatest advantage: anyone can become their own economist.
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The Law of Association: Foundation of Human Society
Ricardo's law of comparative advantage wasn't just about trade between nations. Mises saw something deeper: it's the reason human society exists at all.
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Preface to The Influence and Significance of Human Action After 75 Years
Ludwig von Mises nearly titled his masterwork Social Cooperation. Salerno explains why that alternative title reveals more about the book's ambition than most readers realize.
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The Influence and Significance of Human Action After 75 Years
Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor.
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How Money Metals Verifies Every Silver Product
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5-11-26 Commodity Supercycle: Bull Market Killer?
Is the commodity supercycle the next great investment opportunity, or the biggest threat to the current bull market?
Lance Roberts breaks down the growing Wall Street narrative that commodities are entering a multi-year boom driven by deglobalization, underinvestment in energy and metals, AI infrastructure demand, and concerns over long-term dollar dominance.
But there’s a major problem with the thesis: commodity spikes are inflationary,...
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Achtung: Die Revolution der Bürgermeister beginnt!
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How Money Acquires Its Value
From Monetarists to advocates of modern monetary theory, government edicts give money its value. Austrian economists from Menger to Mises to Rothbard know better.
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Monday Blues: US Negotiating Tactic or Ceasefire may End
News that the US rejected Iran’s counter-proposal is set the tone for today’s session. The dollar is mostly firmer, though the Canadian dollar and Norwegian krone are slightly firmer. Equities are mostly lower, yields, higher, alongside oil. Appreciating the seeming reluctance of the US to renew “kinetic” operations, the North American market may view the …
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Parabolic Semiconductor Rally Is Pricing In 2028 Already
The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF, closed Friday at $509.77 after touching a fresh intraday high of $511.68. That's a gain of roughly 244% from the April 2025 low of $148.31. Most of that move has been compressed into the last two months alone. Since mid-March, SOXX …
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Hammack: More Pragmatist Then Hawk
At the April 29th FOMC meeting, Cleveland Fed President Beth Hammack and two others (Logan and Kashkari) dissented. Unlike most dissents historically, the objection wasn't about whether to change the Fed Funds rate; it was about the language in the FOMC policy statement. She specifically took issue with the wording: " In considering the extent …
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Switzerland-London direct train service gets support from French operators
Plans for a direct Switzerland–London train link moved a step closer after Swiss Federal Railways signed a memorandum of understanding with France’s SNCF and high-speed operator Eurostar. The letter of intent that has now been signed is an important milestone for the project. It is based on a cooperation agreement that Federal Railways and the …
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